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hill to find a solution for the impending fiscal cliff today. republicans claim the white house has yet to provide specifics on how the president will curb the rapid growth of programs like medicare and medicaid. the president is insisting that tax rates go up on families that earn more than $250,000 a year. house speaker john major is adamant that any new tax bracket is coming from overhauling the tax code and clearing out tax breaks and lower rates for everyone. it is 9:06 a.m. and we'll be back in a couple of minutes. let's take a live look at bernal heights. this big tree came down and we'll have more on that in a couple of minutes. among take a look at some of this damage from the wind and rain and san francisco's berle heights neighborhood. yoli is on the scene. what street is this on? >> i believe this is virginia street. it is virginia street. i'm just getting confirmation. this jury blancs to this city and it is on the sidewalk here. according to a neighbor they heard a fall around 4:00 a.m.. it was one of those things that history was bound to fall they just did not know when.
. >>> president obama dispatched his chief negotiator to capitol hill to work on a deal to avoid the "fiscal cliff." today treasury secretary tim geithner met with house and senate leaders. republicans came out of that meeting saying that the white house needs to get serious about spending cuts. >> it's time for the president, congressional democrats to tell the american people what spending cuts they are really willing to make. >> let's give a christmas present to the american people. and all we're saying is, we're willing to make the cuts. >> coming needs to reach an agreement in the next few weeks in order to avoid a series of automatic tax hikes and spending cuts in january. >>> oh, to be a fly on the wall on this one. president obama and mitt romney met privately at the white house today to chew over the nation's economic issues. it was the first time they have been together face to face since their contentious campaigns. cbs reporter tara mergener on the political power lunch. >> reporter: mitt romney got out of an suv and walked into the white house alone. the former republican nominee then
to avert the so- called fiscal cliff, it's one reason why we believe we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. >> > in order to kick the debt ceiling the wanted its deficit reduction and this is basically that a stop- active measure to save it or to get a deal done. nobody wants to go there but we need deficit reduction and this is how we to it. >> . read saying that was not doing that well but now, john boehner is a saying that it is a little bit better what is going on? >> not really anything they are still talking at each other and the president is now bringing more to the bargaining table for john boehner to bring more provis
. >>> treasury secretary tim geithner is holding talks about avoiding the year-end fiscal cliff of tax hikes and spending cuts. republicans are asking for more details from the white house about how president obama would curb the growth of benefit programs like medicare and medicaid. >>> the woman who could be nominated as the next secretary of state got a big show of support wednesday in the face of growing republican criticism. president obama called susan rice extraordinary and said he couldn't be more proud of the job she's done representing the u.s. at the united nations. and outgoing secretary of state hillary clinton said rice has done a great job. rice has been under fire, though, for her initial comments about the deadly september attack on the u.s. consulate in libya. >>> president obama welcomes election rival mitt romney to the white house today. they'll have a private lunch together. the president promised in his victory speech to meet with romney after their bitter campaign and consider his ideas for making government more efficient. >>> and yet another arrest this morning for
on the fiscal cliff we may think of a big room or everybody is meeting together at once. that's not what is going on. he is meeting first with reid and then with baynor, later with the senate republican leader, and then later today with nancy pelosi. it's individual meetings that are going on today. that leaves a lot of us to wonder how much progress there is. >> and a lot of the republicans seem to be upset that the president is not meeting with them, that he is sending delegates. >> reporter: yeah, when you get down to it the big shots have to all be in the room. the top four from the hill and the president. that's what it comes down do. obviously he has in the past not exactly gotten down in the details and had others do the baring for him. one can understand that. they aren't pleased because they see a big white house pr push this week that will end tomorrow when air force one goes up to pennsylvania as the president will do a trip that will look like an election style campaign partnership. they want republicans to take higher taxes, republicans saying if we give you more taxes you
Search Results 0 to 4 of about 5